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that would have a big impact on the u.s. growth story, they say a default on the nation's obligations or a downgrade of the american credit rating would be a tremendous blow to business and investor confidence. so the bank ceos just throwing in their worth. everybody wants to seal the deal at this point. back to you. >> thank, geoff. all eyes on washington. >>> other news for you. police have arrested an awol soldier expected of planning an attack on ft. hood. he's army private nassar jason abdo. he had been stationed at fort campbell and was already charged by the mill it taker for possessing child pornography. police picked up the 21-year-old in his hotel room where they found large quantities of ammunition, weapons and possible bomb making materials. authorities say they were al lerl lettered to abdo after he visited the same store where major hasan bought a gun prior to that 2009 attack at ft. hood that killed 13 people. police believe abdo was looking to, quote, get even at his fellow soldiers and was targeting ft. hood
that would have a big impact on the u.s. growth story, they say a default on the nation's obligations or a downgrade of the american credit rating would be a tremendous blow to business and investor confidence. so the bank ceos just throwing in their worth. everybody wants to seal the deal at this point. back to you. >> thank, geoff. all eyes on washington. >>> other news for you. police have arrested an awol soldier expected of planning an attack on ft. hood. he's army private...
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that is b-b-billion with a b, as in a mighty big number. we lost $32 billion just waiting around for the chance to go. say what you want about tax breaks for the rich. but if you're stuck in traffic, your mercedes is stuck right along next to my chevy. and heaven forbid that a bridge falls down, because we are all in this together. rich, poor, whatever. infrastructure is like that. it's the ultimate expression of collective will, where everyone pays and everyone benefits. we are, after all, stakeholders in our nation. if stuff like a water main breaks, you can go ahead and think of that water main as your water main, because it is. and what if we left the stuff that we own, our stuff, just fall apart? now, we have been talking on this show about happens if congress lets america default on its debt. if they create a situation where america can't pay its bills. the bipartisan policy center has scenarios for that. and the first of them is that we would cut off $5.6 billion for stuff like highways and trains and airports. think about the long-t
that is b-b-billion with a b, as in a mighty big number. we lost $32 billion just waiting around for the chance to go. say what you want about tax breaks for the rich. but if you're stuck in traffic, your mercedes is stuck right along next to my chevy. and heaven forbid that a bridge falls down, because we are all in this together. rich, poor, whatever. infrastructure is like that. it's the ultimate expression of collective will, where everyone pays and everyone benefits. we are, after all,...
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the stunning events playing out in the house could mean big losses on wall street and beyond as this debt ceiling battle pushes down to the wire. for the very latest on today's trading session i'm delighted to welcome back jim cramer host of msnbc's "mad money" and jim, can i begin with the staggering news that apple company is holding more money than the government with over $76 billion and the government with $73 billion and maybe we should ask steve jobs for a handout. >> i did a piece on "mad money" last week which the thought was that the idea that maybe we should have iusa, and in other words, if apple were to put some of the skills together with the government, we would end up with a incredibly powerful government to take over china as opposed the china take us over and astounding the world with the best products. apple is an amazing company and it is not necessarily a reflection of the united states, because every company is jealous oapple, too. >> well, we have had seriously further indication of the recession not lifting anything like we thought with growth revised down for
the stunning events playing out in the house could mean big losses on wall street and beyond as this debt ceiling battle pushes down to the wire. for the very latest on today's trading session i'm delighted to welcome back jim cramer host of msnbc's "mad money" and jim, can i begin with the staggering news that apple company is holding more money than the government with over $76 billion and the government with $73 billion and maybe we should ask steve jobs for a handout. >> i...
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so a big difference in our big cities. also heavy rain overnight through detroit, that's heading for toledo and cleveland this morning. so you're also going to have to deal with a wet morning and maybe even thunderstorms mixed in. so very warm once again this dallas. afternoon thunderstorms in atlanta. chicago today, you'll dry out because your humt levels will drop a little bit. as we go into saturday, notice that it's not that bad of a mess. saturday is looking hot in mid-atlantic, but d.c. will be 94. and finally into sunday, widespread 90s, but not as wet around the country. so overall this weekend is looking pretty good. >> not should shabby. thank you. >>> can an all-star cast pull in all-star numbers at the box office? plus will captain america meet his match? your first look at entertainment is straight ahead. you're watching "first look" on msnbc. this is my robot butler. say i'm missing england. i type in e-n-g... and he gives me a variety of options. would you like to have a look at a map, my lad? ah, why not? s
so a big difference in our big cities. also heavy rain overnight through detroit, that's heading for toledo and cleveland this morning. so you're also going to have to deal with a wet morning and maybe even thunderstorms mixed in. so very warm once again this dallas. afternoon thunderstorms in atlanta. chicago today, you'll dry out because your humt levels will drop a little bit. as we go into saturday, notice that it's not that bad of a mess. saturday is looking hot in mid-atlantic, but d.c....
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tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the last and a half years and doesn't want to correct the problem? place the blame where it is and it falls on both sides of the aisle. >> that was a totally -- >> the president doesn't want to put a plan in place. we've got fix the problem and it's not done by raising taxes. the problem is washington spends too much money. you don't solve that problem by sending washington more money and job killing taxes. you start controlling spending. >> i've heard you say over and over, a $14 trillion debt. half caused by bush. you can't just talk than when he left us with the problem. >> we're here solving the problem and president obama doesn't want to address it. doesn't want to put a plan in writing. we're sending another plan tonight. when will they sta
tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the last and a half years and doesn't want to correct the problem? place the blame where it is and it falls on both sides of the aisle....
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clean is the best way to do this, the traditional way to do this, to where we are now, which is how big a deficit reduction package should accompany it? >> well, as i think the speaker of the house is discovering tonight and is the reality that we all live with here in washington, lawrence, which is that this is a divided government. a two-party system. nobody gets entirely what he or she wants. and, yes, if we had been doing this in the normal way, as has been historically done, there would have been a clean debt ceiling vote, which traditionally has been an unpleasant vote often for members of congress, but routine and noncontroversial and certainly not tied to any kind of deficit reduction package or any other measure for that matter. what happened is that the speaker of the house made clear that -- and republicans in general that they were linking the willingness to raise the debt ceiling to significant deficit reduction. as you know, for a long time, we rejected the link. but because we believe we need to reduce our deficits and get our debt under control. we also worked concurrent
clean is the best way to do this, the traditional way to do this, to where we are now, which is how big a deficit reduction package should accompany it? >> well, as i think the speaker of the house is discovering tonight and is the reality that we all live with here in washington, lawrence, which is that this is a divided government. a two-party system. nobody gets entirely what he or she wants. and, yes, if we had been doing this in the normal way, as has been historically done, there...
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he is a big loser. but he was afraid he would be an even bigger loser. which is why they changed the bill. i think he felt that if last night he brought it to a vote and he lost, that the tea party types, a lot of other people in the republican party bo come after his speakership. look, this pizza legislation today and ed rendell is right, it is not going anywhere, you're absolutely right. in fact, john mccain said conditioning the debt limit increase on a balanced budget amendment is a fraud. this legislation odd todd isn't about saving the full faith and credit of the united states, it is about saving john boehner's speakership. >> the final vote, they are actually voting right now on this third plan now that would call for even more cuts that would call for a balanced budget to pass both houses and go to the states. didn't have to be ratified for the states before they raise the second limit but it would have to pass oath houses and they are voting right now live this is the main vote that expected to pass. after the speaker, who i'm calling now the w
he is a big loser. but he was afraid he would be an even bigger loser. which is why they changed the bill. i think he felt that if last night he brought it to a vote and he lost, that the tea party types, a lot of other people in the republican party bo come after his speakership. look, this pizza legislation today and ed rendell is right, it is not going anywhere, you're absolutely right. in fact, john mccain said conditioning the debt limit increase on a balanced budget amendment is a fraud....
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there's big battles over the budget. the democrats are getting push back because they went along with governor chris christie. they just slashed benefits for state employees. it's got to be a topic that come ups again if you're elected. how would you move forward on that knowing on the one hand you have state employees who want their benefits in the other, new jersey has the highest property taxes in the nation. >> we know we have the highest property taxes. with the governor slashing the communities it's raising the taxes in those communities. what we need to do is understand that i am 100% for collective bargaining. we fortunate have a situation where that grandfathers in and goes away. the future is now new jerseyians coming together making sure that we continue to push our good schools. we have great schools in jersey. my biggest thing is we have to strive to be the best. we're cutting women's services and all these areas. the reality is that's just passing it on to someone else. >> we were talking about why you chos
there's big battles over the budget. the democrats are getting push back because they went along with governor chris christie. they just slashed benefits for state employees. it's got to be a topic that come ups again if you're elected. how would you move forward on that knowing on the one hand you have state employees who want their benefits in the other, new jersey has the highest property taxes in the nation. >> we know we have the highest property taxes. with the governor slashing the...
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so you might as well go big. is that the lesson from last night? speaker boehner ought to go back with you and the president and go get the big deal again? >> well i don't want to give speaker boehner any advice. i will tell you this. for what it's worth, maybe i sound like pollyanna, i don't know, but i really do think speaker boehner wants to do something great for our country. i really do. and i think he's one of those folks that candidly would be willing to lose his speakership over doing something great for the country. i believe that, and i think there are a lot of people around here that realize that you know, this is really an opportune time to do something great. nobody wants to default, chuck, and i've got to believe -- as a matter of fact, i more than have to believe, i know that these guys have to have some sort of short-term extension in the event we don't quite get there by tuesday, but one thing i do hope is that the american people, you know, stop worrying. i really do think that we're going to get something done. i'm here in the mi
so you might as well go big. is that the lesson from last night? speaker boehner ought to go back with you and the president and go get the big deal again? >> well i don't want to give speaker boehner any advice. i will tell you this. for what it's worth, maybe i sound like pollyanna, i don't know, but i really do think speaker boehner wants to do something great for our country. i really do. and i think he's one of those folks that candidly would be willing to lose his speakership over...
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they're going to protect the big three. they want some revenue increases although the two plans on the table don't have that. so we still could be a long way from some kind of conclusion. obama associate told me today that if the president had an extension come to his desk, he feels that president would be obligated to sign it. what's the president going to do? not sign an extension? let the economy default? that's not a very good option. joining us now live from capitol hill, house minority whip steny hoyer of maryland. congressman, great to have you with us tonight. it has been a whirlwind of news. i'll just ask you straight up, what can you tell us at this hour? where are we? >> i think what we're seeing, ed, is a stark example of why we could not no matter what we did come to a compromise with the republicans. their leader wanted to do that. but the party of no is saying no to their own deal. the party of no is putting at risk the american taxpayer, the american family and america itself. i think the american public has
they're going to protect the big three. they want some revenue increases although the two plans on the table don't have that. so we still could be a long way from some kind of conclusion. obama associate told me today that if the president had an extension come to his desk, he feels that president would be obligated to sign it. what's the president going to do? not sign an extension? let the economy default? that's not a very good option. joining us now live from capitol hill, house minority...
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i think the big difference is the extent, the time. and he didn't mention that in this, so he's no longer safe yi that it has to get us past 2012. that is also one of the big sticking points is how long will the debt ceiling extension be. >> all right. we're just getting a note here from the associated press. do we still have dave weigel there and emily? >> still here, chris. >> all right, i don't know if either of you heard this, but the house gop is said now that it's going to change the stalled bill and the vote could come as soon as sometime today. what would you expect that to be, dave? >> if they actually hold a vote, that means they won a few people over. there were a couple of problems, some members had, with the pell grant payments in this bill. and if they change that, then they get a bill that can at least move out of the house. but we're talking about real kabuki here. if they end up changing that component to get a few more of those votes, that's the kind of thing that might be tweaked again later for when this returns to
i think the big difference is the extent, the time. and he didn't mention that in this, so he's no longer safe yi that it has to get us past 2012. that is also one of the big sticking points is how long will the debt ceiling extension be. >> all right. we're just getting a note here from the associated press. do we still have dave weigel there and emily? >> still here, chris. >> all right, i don't know if either of you heard this, but the house gop is said now that it's going...
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the big story we're watching right now, fast moving developments in the showdown other the debt. there are now just four days until the nation goes to the august 2nd debt deadline. this morning president obama pushed congress to find some sort of compromise. >> what's clear now is that any solution to avoid default must be bipartisan. it must have the support of both parties that were sent here to represent the american people. >> right now house speaker john boehner's frantically trying to tweet his stalled bill to get support from conservatives to get it through the house. >> time is presently short and that is an understatement. >> senator majority leader harry reid's tired of waiting. >> i would ask my friends, my republican friends break away from this thing going on in the house of representatives. >> so today reid's going it alone moving forward with his debt plan. it cuts more than $2 trillion in federal spending and extends the
the big story we're watching right now, fast moving developments in the showdown other the debt. there are now just four days until the nation goes to the august 2nd debt deadline. this morning president obama pushed congress to find some sort of compromise. >> what's clear now is that any solution to avoid default must be bipartisan. it must have the support of both parties that were sent here to represent the american people. >> right now house speaker john boehner's frantically...
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. >> and this speaks it a big concern in that et fis behind you, that if the aaa bond rating is reduced it'll be on the president's watch. >> right. >> that's been the issue here for this white house bp that's why the number one they want to move this debt ceiling issue away from the next two years. yes did is political issue but also an economic issue. some really bad numbers came out of it. all of this uncertainty, we have all known that businesses right now in the last couple of weeks, they have gotten a little nervous. people have held back because they are not sure what is going on. they are not sure how this will end. i think -- look, i still have a lot of confidence that when all is said and done, they will figure it out. all of the leaders are on the same page. all of the same leaders are on the same page. yes, they have an unpredictable, unpredictable group of lawmakers on their hands. so the one thing that i have as a political person, i thought would find surprising at the end of the day, if they do agree what this field will look like, it is going to be a couple of trillion
. >> and this speaks it a big concern in that et fis behind you, that if the aaa bond rating is reduced it'll be on the president's watch. >> right. >> that's been the issue here for this white house bp that's why the number one they want to move this debt ceiling issue away from the next two years. yes did is political issue but also an economic issue. some really bad numbers came out of it. all of this uncertainty, we have all known that businesses right now in the last...
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. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> i'm with your krpt nx market wrap. another batch of updeceit earnings not enough to offset dismal economic numbers and lingering fears about the debt debac debacle. the dow jones industrial tumbling. and absolutely dangerous, how one investor described the atmosphere on wall street today telling cnbc the problem is the market reacts to two thing. greed and fear. right now there's no greed in the air, only fear. a lot of that fear based on the ongoing debate in washington over raising the debt ceiling and cutting the deficit. aps an anemic reading on gdp growth, weaker than expected 1.3% while first quarter numbers were prevised to lower to a paltry 0.4%. over a rough week for the market. all major indices giving up between 3.5
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> i'm with your krpt nx market wrap. another batch of updeceit earnings not enough to offset dismal economic numbers and...
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medicare waub a big piece of this? >> the states are in three places. one, i think they're confident that a deal is going to be struck. they're also just as equally weary that two things would happen. one that there will be a default and that there be a downgrade in their bond ratings and therefore the cost of borrowing is going to increase. and two, they're also concerned about the fact that there's no certainty as to what kind of payments are going to be made for the many state federal partnerships that are out there. whether they be medicaid, transportation or homeland security programs. >> governor, what do they do? you've got to figure out what bills to pay, who to pay, who to furlough, who to owe? >> i think it's pretty good for states to have a spur louse. most of us do in pennsylvania because of investments we made even during the recession as 7.5% unemployment rate and a $600 million surplus. they'll be able to have a little give to cover for a while. the biggest problem is what's going to happen to the recovery. the recovery is not going as fa
medicare waub a big piece of this? >> the states are in three places. one, i think they're confident that a deal is going to be struck. they're also just as equally weary that two things would happen. one that there will be a default and that there be a downgrade in their bond ratings and therefore the cost of borrowing is going to increase. and two, they're also concerned about the fact that there's no certainty as to what kind of payments are going to be made for the many state federal...
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are big story i read cab meiji traffic delays when expected in marin marin county sheriff's deputy and mather send memorial service will be held today the third straight day the republicans will tried to pass a debt ceiling proposal and we will hope to see of the senator gets it on the floor in a last ditch effort budget effort and police believe they finally found a gun that was involved in a police shooting in the bayview district they said harding pulled of the gun and fired and police returned fire >> now talk of are whether we have a little bit of everything out there >> it depends on where you are and what you will say the fog is pushing through the bay area. you are seeing the fog not a pretty sight. low clouds and fog this morning in land will have sunshine this afternoon and the afternoon highs will be in the '60s-'70s >> the meeting lights have just been turned on at this bay bridge i knew developing hotspot west bound and highway 4 of a car and a big rig involved in an accident involved in the right hand laid out all have more details in my next report will >> we are watchin
are big story i read cab meiji traffic delays when expected in marin marin county sheriff's deputy and mather send memorial service will be held today the third straight day the republicans will tried to pass a debt ceiling proposal and we will hope to see of the senator gets it on the floor in a last ditch effort budget effort and police believe they finally found a gun that was involved in a police shooting in the bayview district they said harding pulled of the gun and fired and police...
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it is not a big deal. business community is united and wall street is united and economists on the left and the right are reunite and ron paul has written an op-ed saying he expects it to lead to i here interest rates. and two impacts if we default, and one is market confidence which could raise rates by itself and the second is to pay bills and we borrow so much right now it is possible to pay the bills without money for very long. >> and last but not least, if the this debate is about getting americans back to work. >> that is right. both parties love to talk about jobs. they still do it all of the time, because they know that is what americans want to hear, and the problem is that this debate is not about jobs, especially in the short-term. in the short-term, all of the plans scored so far are going to reduce slightly gdp which reduces generally employment, and there is a long-range benefit of solving the fiscal plan, but nothing short-term. the idea has been floated of the short-term tax stimulus in th
it is not a big deal. business community is united and wall street is united and economists on the left and the right are reunite and ron paul has written an op-ed saying he expects it to lead to i here interest rates. and two impacts if we default, and one is market confidence which could raise rates by itself and the second is to pay bills and we borrow so much right now it is possible to pay the bills without money for very long. >> and last but not least, if the this debate is about...
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. >>> big oil continued to make big money in the second quarter. exxonmobil reported a 41% jump in profits as gas prices hit three-year highs. results were still short of analysts' expectations. >>> shares of the texas giant ended up more than 2%. >>> on the flip side royal dutch shell had the help of higher fuel prices. the oil company nearly doubled its profit to $8.6 billion. speaking of oil, because of tropical storm don, gulf of mexico producers reduced oil and natural gas output and evacuated some platform workers, but analysts don't expect any prolonged production outages. >>> back on the street, we had several other companies beating expectations on thursday. they included starbucks, dupont, metlife, and colgate palmolive. >>> pet owners may have a way to keep their pups happy. we're not talking about dog bones and cat nip. a seattle lab is developing a medical marijuana patch for pets. the purpose is to help ailing animals that suffer everything from arthritis to cancer. developers hope to have the patch ready by the end of the year. what
. >>> big oil continued to make big money in the second quarter. exxonmobil reported a 41% jump in profits as gas prices hit three-year highs. results were still short of analysts' expectations. >>> shares of the texas giant ended up more than 2%. >>> on the flip side royal dutch shell had the help of higher fuel prices. the oil company nearly doubled its profit to $8.6 billion. speaking of oil, because of tropical storm don, gulf of mexico producers reduced oil and...
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so no big deal. and just, you know, just doing my duty is all. >> the flight did make it here to sfo. but without the pilot, he is resting back in florida. the two men arrested face federal charges of assault and battery. >> amy, thank you very much. a northern california woman is facing some charges tonight. she was arrested at philadelphia international airport yesterday. and this rose yl vl resident is accused of threatening the flight crew and other passengers. police say she threatened to blow up the plane. there is no explannation yet. charges include making terror threats and disorderly conduct. >> one of the two men accused of killing a woman ask setting the body on fire appeared in a courtroom this morning. hector garcia was arraigned after being charged with murder. they are accused of killing to 1-year-old and dumping the body in a rockridge neighborhood before setting it on fire. the mother was in court and spoke about the last day that she spent with her daughter. >> everything was norma
so no big deal. and just, you know, just doing my duty is all. >> the flight did make it here to sfo. but without the pilot, he is resting back in florida. the two men arrested face federal charges of assault and battery. >> amy, thank you very much. a northern california woman is facing some charges tonight. she was arrested at philadelphia international airport yesterday. and this rose yl vl resident is accused of threatening the flight crew and other passengers. police say she...
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. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can whip up the 216 votes to do the deal. couldn't do it yesterday. we start with luke rurt on capitol hill. mike viqueira on standby at the white house. we begin with you, luke. tell me about a tea party politician who ran for the congress in objection to the back room arm twisting where i say i'll take away funding for the bridge, the sochool, the hospital if you don't vote on this? people wouldn't tolerate that and i imagine they're saying i'll withdraw your funding if you don't say yes on this vote? >> the house gop banned earmarks. weren't of the reason
. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can...
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we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the republicans? i think we need you to join with us. specifically, what are they saying? >> this is very important. this is the only thing that can happen. then we hear a word that may be tabled in the senate, again. my concern is with the senate that refuses to vote on any plan. the balanced budget amendment has to be done. when we hear about downgrades and defaults, my concern is a bill like this is not good enough to avoid a downgrade. >> is there anything that would satisfy you now? if the speaker said i need to know what you want, what do yo
we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the...
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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what is the big idea, you ask. conservatives are on a winning streak. they have an idea for a unifying force. it's a bad idea but better than nothing which is better than progressives have. the idea that defines the republican party is that taxes are always too high and government spending is always wasteful. there's an overarching philosophy between the government and individual. they imagine a return to a jeffers jeffersonian arcadia. wow. >> this is what bill clinton said when lecturing democrats, better to be strong than wrong. >> wow. >> right now, peggy noonan talked about how this president has become invisible. "the new york times" had an article on it yesterday. you seem to be mourning that fact today. it's what the democrats on the hill are saying. what's happening? >> i'm not specifically -- i didn't mention the president in the column. it's not really an attack on him. it was a statement on progressives or progressivism, i guess liberalism, whatever you want to call it. i don't think liberals have come up with as compelling of a story of our
what is the big idea, you ask. conservatives are on a winning streak. they have an idea for a unifying force. it's a bad idea but better than nothing which is better than progressives have. the idea that defines the republican party is that taxes are always too high and government spending is always wasteful. there's an overarching philosophy between the government and individual. they imagine a return to a jeffers jeffersonian arcadia. wow. >> this is what bill clinton said when...
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and so i mean -- so we got another problem right on the heels of that or another big fight. and the president's budget that he did propose went down 97-0 in the senate, even his own team voted against it. >> right. >> so that didn't work. weedon have a budget now. the republicans say that he hasn't submitted a plan for raising the debt ceiling and now we have got this problem coming up at the end of september. what he is doing on this management of the economy or on the treasury? >> well, first let me explain what is going to happen on tuesday if there is no debt limit increase. the treasury will get $200 billion of revenue during the month of august and we will have to spend $300 billion. and because it won't be able to borrow the extra hundred, about $00 billion of government spending will have to be canceled and that will result in closure of many of the agencies of government. but there will still be $200 billion left that is there and social security costs about 60. defense about 60. debt service on the money we owe about 25. so you can spend all of that and still have
and so i mean -- so we got another problem right on the heels of that or another big fight. and the president's budget that he did propose went down 97-0 in the senate, even his own team voted against it. >> right. >> so that didn't work. weedon have a budget now. the republicans say that he hasn't submitted a plan for raising the debt ceiling and now we have got this problem coming up at the end of september. what he is doing on this management of the economy or on the treasury?...
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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and the big question is, what is going to be the ideology? what are going to be the values if they start leading the part of the world? are we still going to have the deep commitment with democracy, with freedom, with equal opportunities to everybody? so where are we going to be leading the dream of the founding fathers of this nation? >> it's a very worrying time. it's a dangerous time as you say for the world's economy. when you see the politicians on both sides, democrat and republican, squabbling now, trading insults and all the rest of it with such a serious situation so close, what do you think of that? >> dangerous game that is being played here. and you know, in mexico i think and in part of latin america that the presidential system as we know it is over. i think -- are going to be the future. there you don't have this kind of situation. everybody's forced to work towards cohesiveness, towards agreements. i think it's much better. in our presidential library, one of the ideas we're promoting strongly is to let people know, public opi
and the big question is, what is going to be the ideology? what are going to be the values if they start leading the part of the world? are we still going to have the deep commitment with democracy, with freedom, with equal opportunities to everybody? so where are we going to be leading the dream of the founding fathers of this nation? >> it's a very worrying time. it's a dangerous time as you say for the world's economy. when you see the politicians on both sides, democrat and...
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so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile. ♪ and 80,000 patents later, we're still reinventing it. ♪ it's no coincidence that the oldest car company has the youngest and freshest line in the luxury class. mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers on the c-class. ♪ >>> good morning. it's july 29th. this is your a.m. "wake-up call." i'm ali velshi. it's 46 minutes after the hour now. about that vote on thursday, it didn't happen. congress made a liar out of me. there could be a vote today unless there isn't a vote today. here's the current u.s. debt ceiling. $14.3 trillion. i know that. i also know tuesday's deadlin
so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile....
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i can't believe i'm endorsing a book when i'm in a big fight with you here. juan, here is the problem and we went over this with rand paul. all of these bills short of cut, cap and balance all of them and you can't tell me what the president's plan is because he didn't have the courage to come forward with one. he didn't do what the republicans did because i think he is in over his head, he is weak and not a leader. that aside -- >> okay. >> thank you for con ceding that point. >> i didn't but go right ahead. >> sean: the republicans have put forward their plan and with all of these plans short of cut cap and balance and what rand paul and i were talking about tonight, we are still increasing spending 8% a year. we are -- not only are we taking a sledge hammer to our kids piggy banks we are taking a bulldozer to freedom our constitution and their future opportunity and that is why this matters. we get this right now. and that is why the president shut should have led. >> let me say this to you, the president has been leading and the president has been trying
i can't believe i'm endorsing a book when i'm in a big fight with you here. juan, here is the problem and we went over this with rand paul. all of these bills short of cut, cap and balance all of them and you can't tell me what the president's plan is because he didn't have the courage to come forward with one. he didn't do what the republicans did because i think he is in over his head, he is weak and not a leader. that aside -- >> okay. >> thank you for con ceding that point....
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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that hits every big weak spot in the economy: jobs. 70,000 construction workers and 4,000 f.a.a. employees furloughed. stimulus: 150 airport construction projects stalled. the deficit: $200 million a week in ticket taxes lost because the f.a.a. has no authority to collect them. there are two main staking points. democrats want to make it easier for airline and railroad workers to unionize, republicans don't. and republicans want cuts in so-called essential air servic services. essential air service pays $163 million tax dollars for airlines to fly on little-used routes that might otherwise shut down. in a cbs news investigation, we took one government subsidized flight from washington to virginia's shenandoah valley. we found just four passengers on board and the plane went on to west virginia empty. today transportation secretary ray lahood urged congress to solve their disputes. >> and for all of my friends on capitol hill who give speeches everyday about jobs, the importance of jobs, putting people to work, this is not the time to be laying off 70,000 construction workers. >>
that hits every big weak spot in the economy: jobs. 70,000 construction workers and 4,000 f.a.a. employees furloughed. stimulus: 150 airport construction projects stalled. the deficit: $200 million a week in ticket taxes lost because the f.a.a. has no authority to collect them. there are two main staking points. democrats want to make it easier for airline and railroad workers to unionize, republicans don't. and republicans want cuts in so-called essential air servic services. essential air...
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he would win the gold medal in the bmx big air. i don't know, remember 1969, people don't know this. it was actually allen martin's first gig. you remember this? you reported on the jump at cesar's palace and it was reminiscent of that crash tonight. >> except for he was -- >> evil kanevil ,,,,,,,,,,,,
he would win the gold medal in the bmx big air. i don't know, remember 1969, people don't know this. it was actually allen martin's first gig. you remember this? you reported on the jump at cesar's palace and it was reminiscent of that crash tonight. >> except for he was -- >> evil kanevil ,,,,,,,,,,,,
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look, i think he has lost big. i think what he promised to the american people, he would bring them around the bend. he has taken them down an alley of dismay and demagoguery. i think he will be judged for that in the end. he will be very unhappy. republicans don't look that great right now. leadership, it's often tough politically to lead. you will get bunched. barack obama stays out of this. he doesn't want a black eye. he doesn't want to get hit. >> laura: if republicans eat their own they are not looking too good. looking like the gang that can't shoot straight. it doesn't help them in this at all. leslie, here is where we are right now with the president. he didn't come out with his own plan, we didn't hear from him for the longest time on this issue. and suddenly even media folk, not just ed henry but others are asking okay, what about your ideas? what about your plan? and he looks like for the longest time he was m.i.a. on leadership. that is what has also frustrated a lot of these democrats on capitol hill.
look, i think he has lost big. i think what he promised to the american people, he would bring them around the bend. he has taken them down an alley of dismay and demagoguery. i think he will be judged for that in the end. he will be very unhappy. republicans don't look that great right now. leadership, it's often tough politically to lead. you will get bunched. barack obama stays out of this. he doesn't want a black eye. he doesn't want to get hit. >> laura: if republicans eat their own...
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this is big doings. anything you can make in garlic is being done at the gilroy garlic festival, sunny hot and 95. chance of thunder in the east bay sunday. that's the pinpoint forecast. kim coyle has sports next. ,,,,,,,,,,,,,,,,,, . >>> welcome to day one of raiders frank camp inna . the practice feels are quiet now but that wasn't the case about an hour ago. free agency for the nfl begins tomorrow at 3:00 and it's unclear whether the raiders will be able to sign zach miller or nombe. the raiders know who the starting quarterback is but not everyone got the memo. >> who is the starter as far as quarterback is concerned? >> say that one more time? >> who is the gathering in. >> did you not ask me that question. he did not ask that question about quarterback out here today. does anybody not who the starting quarterback is of the raiders? his name is jason campbell number 8. he is the starting quarterback of the raiders period. any other questions? >> reporter: there is no question jason campbell's ready
this is big doings. anything you can make in garlic is being done at the gilroy garlic festival, sunny hot and 95. chance of thunder in the east bay sunday. that's the pinpoint forecast. kim coyle has sports next. ,,,,,,,,,,,,,,,,,, . >>> welcome to day one of raiders frank camp inna . the practice feels are quiet now but that wasn't the case about an hour ago. free agency for the nfl begins tomorrow at 3:00 and it's unclear whether the raiders will be able to sign zach miller or...
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responded in a big way. did they ever. >> around 7:00, there was a mob of people flooding the streets and the sidewalk. >> people were so around me it got really bad. once people started ending up on the street because there was overfilling of people. >> reporter: who do you blame? >> uhm, kaskade. >> reporter: he was not arrested by the lapd but could he be held responsible because of that tweet? usc law professor jack lerner. >> you don't have any kind of incitement to lawless action. just saying we are going to have a block party and dance to music doesn't rise to the level of fire in a crowded theater. >> reporter: another night in hollywood but the difference here is both of these events are planned, must have a ticket. unlike last night. from hollywood, dave lopez, cbs 5. >>> unemployment numbers may be looking up but a new trend is making it harder for people to land that job. that story leads today's consumerwatch headlines. >> reporter: some promising news today, liz. actually some good news for a c
responded in a big way. did they ever. >> around 7:00, there was a mob of people flooding the streets and the sidewalk. >> people were so around me it got really bad. once people started ending up on the street because there was overfilling of people. >> reporter: who do you blame? >> uhm, kaskade. >> reporter: he was not arrested by the lapd but could he be held responsible because of that tweet? usc law professor jack lerner. >> you don't have any kind of...
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no objection to the city's plan it is just a back-and- forth between agencies getting ready for the big event. the board has set in media reports is working with that of our molest with a more detailed plan. >> another one of the teenagers that survived a grizzly bear attacked as too long to his family this a 17 year-old sydney it mailmen he was one of the teenagers that was at the alaskan wilderness thacenter. >> it is gonna take a little bit of time but i look forward to getting back into the wilderness maybe not in alaska. >> it was having an emergency training on how to help one another. >> i meant accidently mistaken as cigarette lighter and and i've done she accidently shot her daughter >> i picked it up and and it did new-line my we're giving it to my friend in went off the we did not know the girl has been released from hospital but she still has the bullet in her arm police are investigating >> we have a new report on people behaving badly we have a new report and take a look out at our roof cameral it i. we'll be right back >> + 0 is being badly today has new buildings and new
no objection to the city's plan it is just a back-and- forth between agencies getting ready for the big event. the board has set in media reports is working with that of our molest with a more detailed plan. >> another one of the teenagers that survived a grizzly bear attacked as too long to his family this a 17 year-old sydney it mailmen he was one of the teenagers that was at the alaskan wilderness thacenter. >> it is gonna take a little bit of time but i look forward to getting...
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he would win the gold medal in the bmx big air. i don't know, remember 1969, people don't know this. it was actually allen martin's first gig. you remember this? you reported on the jump at cesar's palace and it was reminiscent of that crash tonight. >> except for he was -- >> evil kanevil didn't fair as well. we'll be right back. ,,,,,,,,,,,, [ man ] i got this new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. tomorrow morning at 4-30. tomorrow morning at 4-30.
he would win the gold medal in the bmx big air. i don't know, remember 1969, people don't know this. it was actually allen martin's first gig. you remember this? you reported on the jump at cesar's palace and it was reminiscent of that crash tonight. >> except for he was -- >> evil kanevil didn't fair as well. we'll be right back. ,,,,,,,,,,,, [ man ] i got this new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ]...
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that is the big question, right now. bill: that is clearly the biggest story of the morning, and there is more to talk about, though, alarming new information that al qaeda might be plotting an attack with a weapon of mass destruction. how real is that threat? and where is it coming from? martha: and a massive search is underway for this 11-year-old girl from new hampshire. we'll tell you who is joining in the investigation, today. taking on a whole new twist. >> it is a very scary thought that she is not going to come home and all we want is to see her again and have her back again with her family where she belongs. sweetie i think you need a little extra fiber in your diet. carol. fiber makes me sad. oh common. and how can you talk to me about fiber while you are eating a candy bar? you enjoy that. i am. [ male announcer ] fiber beyond recognition. fiber one. a living, breathing intelligence that's helpi drive the future of business. in here, inventory can be taught to learn. ♪ machines have a voice. ♪ medical hist
that is the big question, right now. bill: that is clearly the biggest story of the morning, and there is more to talk about, though, alarming new information that al qaeda might be plotting an attack with a weapon of mass destruction. how real is that threat? and where is it coming from? martha: and a massive search is underway for this 11-year-old girl from new hampshire. we'll tell you who is joining in the investigation, today. taking on a whole new twist. >> it is a very scary...
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not happen tonight the republicans are expected to try again tomorrow this end decision could have a big impact on wall street will keep our eye on the market as well. with the lawmakers still deadlocked, the august 2nd deadline is about four days away. >> two brothers of salted and american airlines pilot on a flight leaving miami head for san francisco details on the attack coming up. >> to women say they were kicked off of a flight for crying too loudly while on their way to visit their dying father. then my eye and in san francisco the city plans on hosting the america's cup but that may have hit a snag. >> you may want to think twice before taking a towel from a hotel they're starting to use high-tech to track their linens. i'm dave slate and that is coming of the my tech report. >> new movies coming up this weekend. we have a preview of everything from cowboys to crazies to be loved. >> the regional water quality control board has temporarily denied a permit requested by san francisco for the event. >> in a seven page letter from the san francisco bay regional water quality control
not happen tonight the republicans are expected to try again tomorrow this end decision could have a big impact on wall street will keep our eye on the market as well. with the lawmakers still deadlocked, the august 2nd deadline is about four days away. >> two brothers of salted and american airlines pilot on a flight leaving miami head for san francisco details on the attack coming up. >> to women say they were kicked off of a flight for crying too loudly while on their way to...
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big debut for carlos. he wasn't great but the giants are they in the head to the phillies now maybe they are after tonight's game. 49 ers will hold the first practice tomorrow. michael crabtree won't suit up. >> really? won't suit up. >> really? >> sports next. if there are z z z z z z z z z z zz go! go! completing an atm deposit in record time... that's a step forward. go! go! with deposit friendly atms, you can make ultra fast, secure deposits with no slips or envelopes. take a step forward and chase what matters. dddddddddddddddddddddddddddddddd >> gechlt giants take 2 out of 3 from the first place phillies. making this more impressive is the fact that the phillies had not lost two in a row at home since april. first look at beltran in a giants yawn form. they didn't face the ace in the series but sandoval not going to complain about thavlt down the line against kendrick and gone in the second 1 nothing giants. after bout with the flu tim returned tonight. get nothing and like it f.6 scoreless. as for b
big debut for carlos. he wasn't great but the giants are they in the head to the phillies now maybe they are after tonight's game. 49 ers will hold the first practice tomorrow. michael crabtree won't suit up. >> really? won't suit up. >> really? >> sports next. if there are z z z z z z z z z z zz go! go! completing an atm deposit in record time... that's a step forward. go! go! with deposit friendly atms, you can make ultra fast, secure deposits with no slips or envelopes....
137
137
Jul 29, 2011
07/11
by
KTVU
tv
eye 137
favorite 0
quote 0
i don't think it will be a big deal for you here. let's move along and take a look at the san mateo bridge. that traffic is nice heading out to the high-rise. this mornings commute is moving along very nicely on westbound 92 to san mateo bridge and before the dumbarton bridge. if you are driving to the south bay we're off to a nice start there on all the major freeways. it's 4:54 let's go to steve. >>> all right thank you. there has been some talk. not crazy talk but talk. maybe some tropical moisture to get in here. mainly effects sierra, nevada. you can see in the last two. if the high kept building in i would say yeah. but i don't think it will amount to too much. if you see clouds off in the distance that's what it is. tropical moisture wrapping back around. there is a lot of fog and it's on the increase. 57 fairfield. 57 concord. low 60s livermore, mountain view, and san jose. 55 seems rather popular here. oakland, san rafael, and napa. your friday morning super. santa rosa today starting off mostly cloudy. 55. we'll go 65 at no
i don't think it will be a big deal for you here. let's move along and take a look at the san mateo bridge. that traffic is nice heading out to the high-rise. this mornings commute is moving along very nicely on westbound 92 to san mateo bridge and before the dumbarton bridge. if you are driving to the south bay we're off to a nice start there on all the major freeways. it's 4:54 let's go to steve. >>> all right thank you. there has been some talk. not crazy talk but talk. maybe some...
48
48
Jul 29, 2011
07/11
by
CSPAN2
tv
eye 48
favorite 0
quote 0
now, i get a big kick out of this "time" magazine, "the new new deal." using the financial crisis of 2008 and 2009, he was going to transform the united states into a european-style social democracy. businesses and the individuals who start them would no longer be free entities with property rights. they would be arms of the state that exist for the purpose of funding ever-expanding welfare programs. taxation would no longer be a necessary evil with citizens and businesses recognizing a legal duty to pay what was owed but understanding that they were ceding their property rights to the government to provide for certain public goods. instead, businesses and tax-paying citizens would be obligated to share their wealth with the state. and because the progressives running the administration do not believe in natural rights to liberty and property because they think everything -- everything a family or business makes is, in fact, due only to the largeess of the state, paying taxes is no longer something that somebody done but something people should want to d
now, i get a big kick out of this "time" magazine, "the new new deal." using the financial crisis of 2008 and 2009, he was going to transform the united states into a european-style social democracy. businesses and the individuals who start them would no longer be free entities with property rights. they would be arms of the state that exist for the purpose of funding ever-expanding welfare programs. taxation would no longer be a necessary evil with citizens and businesses...